Growth Target

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“When the CBI, the TUC and The Times newspaper are united in calling for an industrial strategy”, says Lord Heseltine in his review, published today, “the issue deserves serious consideration.” Naturally, this newspaper agrees. There are few matters as important as how this country will earn its living, in the aftermath of the financial crisis. The Exchequer cannot continue to risk relying so heavily on corporate tax receipts from the financial services sector. Nor should the country lean so heavily upon London and the South East for economic growth.

Lord Heseltine offers a series of wide-ranging prescriptions for rebalancing the